Markets / Mutual funds / Multi Asset Allocation

DSP Multi Asset Allocation Fund - Direct Plan - IDCW

NAVs of 8 Nov 2026

DSP Mutual Fund · Hybrid fund · Direct plan · IDCW

Multi Asset AllocationDirect · IDCWRisk: Very High

NAV · 5 Nov 2026

₹15.8474 ▲ 1.41%

DSP Mutual Fund

Fund size₹10,742 crJuly - September 2026

1-month range₹15.13 – 15.85

1 year+8.77%

Expense ratio0.62%direct plan, a year

5 years–a year

What the fund does

The investment objective of the Scheme is to seek to generate long term capital appreciation by investing in multi asset classes including equity and equity related securities, debt and money market instruments, commodity ETFs, exchange traded commodity derivatives and overseas securities. There is no assurance that the investment objective of the Scheme will be achieved.

Benchmark40% NIFTY500 TRI + 20% NIFTY Composite Debt Index+ 15% Domestic price of Gold + 5% iCOMDEX Composite Index + 20% MSCI World Index.

Launched27 Sept 2023

Fund houseDSP Mutual Fund

Fund managersAparna Karniksince 27 Sept 2023Shantanu Godambesince 1 Aug 2024Ravi Gehanisince 27 Sept 2023

NAV history

Returns

1 week

+3.67%avg 3.8%

1 month

+1.80%avg 1.9%

3 months

-1.98%avg -1.3%

6 months

-0.17%avg 0.8%

This year

+3.93%avg 2.8%

1 year

+8.77%avg 6.7%

3 years (a year)

+16.35%avg 15.5%

Bars: this plan; the thin mark is the Multi Asset Allocation average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												-0.3
2025	-0.8	-5.3	+3.4	+1.4	+2.9	+2.4	+1.1	-0.9	+4.4	+4.3	+1.5	+2.9
2026	+5.4	-1.7	-5.8	+5.0	+1.8	-1.0	+1.7	+0.9	-4.0	-1.6	+3.9

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held52110 lines in all

Top 10 stocks18.4%of the fund

Short positions-7.3%sold through derivatives

Net equity41.4%long stocks and derivatives minus shorts

Where the money is

Equity 40.1%Derivatives (long) 8.5%Debt 13.7%Cash & others 37.7%Short -7.3%

Sectors (stocks held)

Banks

10.9%

Realty

3.0%

Petroleum Products

2.8%

Automobiles

2.4%

Telecom - Services

2.2%

Capital Markets

2.0%

Insurance

2.0%

Power

1.9%

Credit quality (debt and money market)

Sovereign

10.7%

AAA

2.0%

AA+

1.0%

Changes since 31 Aug 2026

Share of fund	30 Sept 2026	31 Aug 2026	Change
Stocks held	40.1%	38.9%	+1.19
Short positions	-7.3%	-10.6%	+3.34
Derivatives (long)	8.5%	9.0%	-0.43
Debt	13.7%	11.1%	+2.59
Money market	0.0%	0.9%	-0.88
Cash & others	37.7%	39.3%	-1.64
Top 10 stocks	18.4%	18.6%	-0.19
Number of stocks	52	48	+4

New stocks 4

National Stock Exchange Of India Limited0.50%
Timken India Limited0.28%
HDFC Life Insurance Co Limited0.23%
Nuvoco Vistas Corporation Limited0.17%

Bought more 1

Hindustan Zinc Limited+0.67

Cut back 1

Info Edge (India) Limited-0.29

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 52

Holding	Sector / type	% of fund
HDFC Bank Limited INE040A01034	Banks	3.54%
Axis Bank Limited INE238A01034	Banks	2.98%
ICICI Bank Limited INE090A01021	Banks	2.79%
Bharti Airtel Limited INE397D01024	Telecom - Services	2.02%
Reliance Industries Limited INE002A01018	Petroleum Products	1.49%
State Bank of India INE062A01020	Banks	1.33%
Larsen & Toubro Limited INE018A01030	Construction	1.31%
Samvardhana Motherson International Limited INE775A01035	Auto Components	1.01%
Hindustan Zinc Limited INE267A01025	Non - Ferrous Metals	1.01%
NTPC Limited INE733E01010	Power	0.96%
SBI Life Insurance Co Limited INE123W01016	Insurance	0.95%
Knowledge Realty Trust INE1JAR25012	Realty	0.93%
Power Grid Corporation of India Limited INE752E01010	Power	0.90%
Maruti Suzuki India Limited INE585B01010	Automobiles	0.89%
Mahindra & Mahindra Limited INE101A01026	Automobiles	0.87%
The Communication Services Select Sector SPDR Fund US81369Y8527	Foreign Security	0.86%
Ultratech Cement Limited INE481G01011	Cement & Cement Products	0.80%
Life Insurance Corporation Of India INE0J1Y01017	Insurance	0.78%
Tata Motors Limited INE1TAE01010	Agricultural, Commercial & Construction Vehicles	0.77%
Oberoi Realty Limited INE093I01010	Realty	0.77%
Page Industries Limited INE761H01022	Textiles & Apparels	0.72%
Hindustan Petroleum Corporation Limited INE094A01015	Petroleum Products	0.71%
Oil India Limited INE274J01014	Oil	0.70%
Brookfield India Real Estate Trust INE0FDU25010	Realty	0.70%
Atul Limited INE100A01010	Chemicals & Petrochemicals	0.68%
Bayer Cropscience Limited INE462A01022	Fertilizers & Agrochemicals	0.66%
Info Edge (India) Limited INE663F01032	Retailing	0.65%
DLF Limited INE271C01023	Realty	0.61%
Angel One Limited INE732I01021	Capital Markets	0.55%
Bharat Petroleum Corporation Limited INE029A01011	Petroleum Products	0.55%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	0.50%
National Stock Exchange Of India Limited INE721I01024	Capital Markets	0.50%
GAIL (India) Limited INE129A01019	Gas	0.49%
Hero MotoCorp Limited INE158A01026	Automobiles	0.49%
HDFC Asset Management Co Limited INE127D01025	Capital Markets	0.46%
Kfin Technologies Limited INE138Y01010	Capital Markets	0.46%
Kalpataru Projects International Limited INE220B01022	Construction	0.42%
CIE Automotive India Limited INE536H01010	Auto Components	0.36%
Infosys Limited INE009A01021	IT - Software	0.33%
Asian Paints Limited INE021A01026	Consumer Durables	0.32%
Shree Cement Limited INE070A01015	Cement & Cement Products	0.32%
Timken India Limited INE325A01013	Industrial Products	0.28%
Apollo Tyres Limited INE438A01022	Auto Components	0.26%
Chalet Hotels Limited INE427F01016	Leisure Services	0.23%
HDFC Life Insurance Co Limited INE795G01014	Insurance	0.23%
Indus Towers Limited INE121J01017	Telecom - Services	0.22%
Bank of Baroda INE028A01039	Banks	0.21%
Nuvoco Vistas Corporation Limited INE118D01016	Cement & Cement Products	0.17%
Tata Motors Passenger Vehicles Limited INE155A01022	Automobiles	0.14%
HCL Technologies Limited INE860A01027	IT - Software	0.13%
Jindal Steel Limited INE749A01030	Ferrous Metals	0.11%
LT Foods Limited INE818H01020	Agricultural Food & Other Products	0.01%

Show 37 moreShow fewer

Short positions 1

Holding	Sector / type	% of fund
Net Receivables/Payables	–	-7.30%

Derivatives, debt, money market and cash 57

Holding	Sector / type	% of fund
TREPS / Reverse Repo Investments	–	12.23%
DSP Gold ETF INF740KA1ZP2	Mutual Funds	11.65%
NIFTY Oct26	Index Futures	8.53%
DSP Nifty 50 Equal Wieght ETF INF740KA1QK2	Mutual Funds	5.38%
6.90% GOI 15042065 IN0020250018	Sovereign	4.08%
6.94% GOI 11052036 IN0020260025	Sovereign	2.10%
Nvidia Corp US67066G1040	IT - Hardware	1.62%
Embassy Office Parks REIT INE041025011	Realty	1.42%
Sony Group Corp JP3435000009	Consumer Durables	0.93%
7.71% GOI 18052066 IN0020260033	Sovereign	0.86%
iShares Global Industrials ETF US4642887297	Foreign Security	0.86%
SK Hynix Inc KR7000660001	IT - Hardware	0.74%
Alibaba Group Holding Limited KYG017191142	Retailing	0.74%
Bharti Telecom Limited** INE403D08280	CRISIL AAA	0.72%
Irb Invit Fund INE183W23014	Transport Infrastructure	0.71%
iShares S&P 500 Energy Sector UCITS ETF IE00B42NKQ00	Foreign Security	0.62%
Samsung Electronics Limited KR7005930003	Consumer Durables	0.58%
DSP Nifty PSU Bank ETF INF740KA1SY9	Mutual Funds	0.56%
L'Oreal FR0000120321	Personal Products	0.53%
Schneider Electric SE FR0000121972	Electrical Equipment	0.51%
7.64% Telangana SDL 01072044 IN4520260071	Sovereign	0.50%
Citius TransNet Investment Trust INE2Q7823014	Transport Infrastructure	0.48%
Mindspace Business Parks REIT INE0CCU25019	Realty	0.48%
Amazon.com Inc US0231351067	Retailing	0.48%
Midea Group Co Limited CNE100006M58	Consumer Durables	0.48%
Muthoot Finance Limited** INE414G07JZ7	CRISIL AA+	0.48%
Muthoot Finance Limited** INE414G07JU8	CRISIL AA+	0.47%
Small Industries Development Bank Of India** INE556F08KX8	CRISIL AAA	0.47%
iShares Global Healthcare ETF US4642873255	Foreign Security	0.46%
Contemporary Amperex Technology Co Limited CNE100003662	Auto Components	0.45%
7.43% GOI 19012076 IN0020250117	Sovereign	0.45%
Microsoft Corp US5949181045	IT - Software	0.44%
7.03% Maharashtra SDL 25062038 IN2220250103	Sovereign	0.44%
Novo Nordisk US6701002056	Pharmaceuticals & Biotechnology	0.43%
7.48% Uttar Pradesh SDL 22032044 IN3320230359	Sovereign	0.40%
PowerGrid Infrastructure Investment Trust INE0GGX23010	Power	0.39%
Hong Kong Exchanges And Clearing Limited HK0388045442	Capital Markets	0.38%
Raajmarg Infra Investment Trust INE2PB023011	Transport Infrastructure	0.37%
7.43% Maharashtra SDL 03122040 IN2220250392	Sovereign	0.32%
Indus Infra Trust INE0NHL23019	Transport Infrastructure	0.30%
Netflix Inc US64110L1061	Entertainment	0.28%
Advantest Corp JP3122400009	Electrical Equipment	0.26%
7.09% GOI 05082054 IN0020240118	Sovereign	0.26%
Power Finance Corporation Limited** INE134E08LM8	CRISIL AAA	0.24%
Power Finance Corporation Limited** INE134E08KV1	CRISIL AAA	0.24%
6.48% GOI 06102035 IN0020250091	Sovereign	0.23%
7.30% GOI 19062053 IN0020230051	Sovereign	0.23%
Power Finance Corporation Limited** INE134E08NE1	CRISIL AAA	0.22%
7.08% Haryana SDL 26032039 IN1620240367	Sovereign	0.22%
6.95% GOI 16122061 IN0020210202	Sovereign	0.21%
6.76% GOI 22022061 IN0020200401	Sovereign	0.21%
Nike Inc US6541061031	Consumer Durables	0.19%
7.06% GOI 10042028 IN0020230010	Sovereign	0.14%
7.24% GOI 18082055 IN0020250075	Sovereign	0.09%
Bharti Telecom Limited INE403D08298	CRISIL AAA	0.07%
iShares Global Comm Services ETF US4642872752	Foreign Security	0.04%
Sony Financial Holdings Inc JP3435350008	Insurance	0.01%

Show 47 moreShow fewer

From the fund house's monthly portfolio (dspim.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility11.0%yearly, from daily NAVs

Worst fall-9.71%29 Jan 2026 → 23 Mar 2026

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 29 Sept 2023).

Where it can invest (limits from the scheme document)

A. Equity & Equity related instruments including derivatives

35–80%

B. Debt and money market instruments

10–50%

C. Gold ETFs & other Gold related instruments (including ETCDs) as permitted by SEBI from time to time

10–50%

ETFs, Exchange Traded Commodity Derivatives (ETCDs) & any other mode of investment in commodities as permitted by SEBI from time to time

0–20%

E. InvITs & Units of Mutual Funds

0–10%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹10,742 cr across all plans · this plan ₹10.60 cr
Fund house	DSP Mutual Fund
Category	Hybrid · Multi Asset Allocation
Plan	Direct
Option	IDCW
Expense ratio (TER)	Direct 0.62% · Regular 1.57% (5 Nov 2026)
Exit load	Holding period from the date of allotment: - Up to 10% of units: Nil exit load if redeemed or switched out within 1 month. - Exceeding 10% of units: 1% exit load if redeemed or switched within 1 month. - After 1 months: Nil exit load on any redemption or switch-out
Minimum investment	₹100 · additional ₹100
Scheme code (AMFI)	152055
ISIN	INF740KA1TF6
NAV date	5 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · Growth	₹16.6392	+8.82%
Regular · Growth	₹15.9921	+7.65%
Regular · IDCW	₹14.4110	+1.92%

Top Multi Asset Allocation funds (direct plans)

Fund	1 year	3 years (a year)
Quant Multi Asset Allocation Fund	+11.66%	+21.88%
Nippon India Multi Asset Allocation Fund	+7.26%	+18.50%
DSP Multi Asset Allocation Fund	+8.82%	+18.26%
Kotak Multi Asset Allocation Fund	+9.01%	+17.24%
Aditya Birla Sun Life Multi Asset Allocation Fund	+9.73%	+16.90%
WhiteOak Capital Multi Asset Allocation Fund	+8.93%	+16.71%
Baroda BNP Paribas Multi Asset Fund	+6.11%	+15.22%
UTI Multi Asset Allocation Fund	+2.82%	+15.06%

All Multi Asset Allocation funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of DSP Multi Asset Allocation Fund - Direct Plan - IDCW today?

₹15.8474 as of 5 Nov 2026, from AMFI's official NAV data.

What are the returns of DSP Multi Asset Allocation Fund - Direct Plan - IDCW?

1 year: 8.77%, 3 years: 16.35% a year

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.